Bank CD Rates

Td Bank was formed from the merger of Commerce Bancorp of America with Toronto-Dominion Bank. This was in 2008 which formed TD Bank. CD rates at this new bank are competitive. Unlike other financial institutions, this bank has a minimum of $500 for the minimum investment in a CD. Which is much lower than most of their competitors.

The best rate is from their 5 year CD at 3.00%. The second is their 4 year CD at 2.75% and their 3 year CD is at 2.25%. This is normal for a bank like TD Bank to offer higher rates of return for longer terms of investment.

Unlike most banks that offer CD, the maturity terms with this bank have more options. There are the usual ones but also available are 7, 8, 13 and 16 month CD’s available. But at this moment the best rate is from a promotional deal. The TD Bank CD rates for a 9 month term is at 1.40%. This is above the national average and is a good choice with a good bank.

TD Bank is not a usual bank like down on the corner. This is a bank holding company that offers more than just banking. Also offered at this financial institution are insurance, brokerage service and investment banking services. This bank holding company does have a limited area of service it covers. The areas in America where this bank operates are New Jersey, New York, Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut, Pennsylvania, Delaware, Washington DC, Virginia, Maryland and Southeast Florida. In these states are over 1100 branch offices.

The main slogan of this bank is Americas Most Convenient Bank. This is lead by a focused customer service assistance that is above the rest. Not only are TD Bank CD Rates competitive but backed by one of the top 20 largest commercial banking organizations with over $114 billion in assets.